The main difference between Condo Insurance and Homeowners Insurance is the amount of the structure you are required to cover. Typically a Condo Insurance policy is written when a Condo Association is going to insure the majority of the building and you are only required to insure portion.
Our team of insurance professionals will help you navigate the specifics of the coverage you need, but condo coverage still boils down to two basic coverages. These include:
Condo coverage consists of two basic coverages:
Medical Payments: Provides coverage for someone injured on your property without a need for litigation. Very handy when the mother-in-law falls in the shower and you need to help cover her medical deductible.
Personal Articles Floater: increased coverage for your special items in your life. Whether it be jewelry, sports memorabilia, golf clubs, etc. This coverage might help ease the blow if you have to tell your spouse junior flushed his/her wedding ring down the toilet.
Additional and Alterations: Covers the portions of the structure that your condo association doesn't. This could be additions or improvements you made to your condo, or a fixed amount your Condo Association requires. We will help you find the right coverage for your home